XSMO - XSMO: Momentum Strategy A Good Fit For This Small-Cap ETF
2024-06-09 09:30:17 ET
Summary
- The Invesco S&P SmallCap Momentum ETF outperforms the S&P SmallCap 600 index and other small-cap ETFs in both short and long timeframes.
- XSMO has a relatively concentrated portfolio with 120 holdings and a higher growth profile, but caution is advised due to the current macroeconomic backdrop.
- XSMO has a different stock composition compared to the S&P SmallCap 600 index and is overweight in industrials, basic materials, and consumer cyclical sectors.
While momentum-based strategies remain popular among retail investors, one fund worth a look is the Invesco S&P SmallCap Momentum ETF (XSMO), which tracks the S&P SmallCap 600 Momentum Index....
XSMO: Momentum Strategy, A Good Fit For This Small-Cap ETF